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HOME APPRAISAL
PROCESS

Factors Considered in an Appraisal.

An appraisal gives you and your lender an estimate of a home’s value. It helps make sure your offer, the purchase price, is in line with the home’s fair market value. To make an appraisal, the home is inspected and compared to similar homes in the area that have been sold within the last six to twelve months. While PrimeLending chooses who will conduct the appraisal, this is generally an expense paid for by the buyer.

Sales price of other homes.

Overall condition of the home.

Unique features of the home.

Square footage of the home.

Quality of the lanscaping.

Visual inspections like foundation.

Number of beds and baths.

Amenities like swimming pools.

Finishing details like wood floors.

SELLING YOUR HOME

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PROBLEM AREAS APPRAISERS LOOK FOR

CRACKS IN THE FOUNDATION

OUTDATED

ROOF

GARAGE DOOR OPENER

WATER

STAINS

WIRING NOT UP TO CODE

LEAKING

PIPES

DID YOU KNOW?

It’s important to know the appraisal is not the same thing as your home inspection, which will occur after your sales contract is signed. The appraisal primarily documents obvious visual conditions, along with a cost and size comparison to other homes. You should receive your report within several days to a week or so.

NATIONAL RELO TEAM

(877) 875-7356

Email Us

NMLS: 126585

18111 Preston Rd #500

Dallas, TX 75252

RESOURCES

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